Greggs Giving Tree Inc
Greggs Giving Tree Inc. experiences significant revenue decline while maintaining zero officer compensation and liabilities.
EIN: 204980642 · East Greenwich, RI · NTEE: P58 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $55K |
| Total Expenses | $41K |
| Program Spending | 85% |
| Net Assets | $15K |
| Transparency Score | 75/100 |
Is Greggs Giving Tree Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Greggs Giving Tree Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Greggs Giving Tree Inc
Greggs Giving Tree Inc (EIN: 204980642) is a nonprofit organization based in East Greenwich, RI, classified under NTEE code P58. The organization reported total revenue of $55K and total assets of $26K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Greggs Giving Tree Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Greggs Giving Tree Inc is a micro nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -7.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $36K |
| Total Expenses | $41K |
| Surplus / Deficit | $-5,169 |
| Total Assets | $15K |
| Net Assets | $15K |
| Operating Margin | -14.3% |
| Months of Reserves | 4.5 months |
Financial Health Grade: B
In 2023, Greggs Giving Tree Inc reported a deficit of $5K with expenses exceeding revenue, holds 4.5 months of operating reserves (adequate).
Financial Trends
Over 13 years of filings (2011–2023), Greggs Giving Tree Inc's revenue has declined at a compound annual growth rate (CAGR) of -7.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -15.5% | +16.6% | -25.2% |
| 2022 | +10.5% | -41.7% | +55.3% |
| 2021 | +60.1% | +333.2% | -62.6% |
| 2020 | -83.5% | -90.3% | +40.1% |
| 2019 | +3.2% | +11.4% | +8.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Greggs Giving Tree Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Greggs Giving Tree Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $5K, with expenses exceeding revenue.
Executive Compensation Analysis
Greggs Giving Tree Inc. consistently reports 0% officer compensation across all 13 filings, indicating that no funds are allocated to executive salaries, which is highly commendable for an organization of its size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Greggs Giving Tree Inc's IRS 990 filings:
- Significant and sustained decline in annual revenue since 2019, from $146,326 to $36,027 in 2023.
- Expenses exceeded revenue in multiple recent years (2023, 2021, 2017), indicating operational deficits.
- Fluctuating financial performance makes long-term planning and sustainability uncertain.
Strengths
The following positive indicators were identified for Greggs Giving Tree Inc:
- Consistent reporting of 0% officer compensation, indicating strong dedication to mission over executive pay.
- Zero reported liabilities across all filings, demonstrating excellent debt management.
- Long and consistent IRS 990 filing history (13 filings), indicating good compliance and transparency.
- Maintains a positive asset balance despite revenue fluctuations, with current assets at $26,112.
Frequently Asked Questions about Greggs Giving Tree Inc
Is Greggs Giving Tree Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Greggs Giving Tree Inc (EIN: 204980642) some concerns. Mission Score: 75/100. 3 red flags identified, 4 strengths noted.
How does Greggs Giving Tree Inc spend its money?
Greggs Giving Tree Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Greggs Giving Tree Inc tax-deductible?
Greggs Giving Tree Inc is registered as a tax-exempt nonprofit (EIN: 204980642). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Greggs Giving Tree Inc's spending goes to programs?
Greggs Giving Tree Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Greggs Giving Tree Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Greggs Giving Tree Inc is above average for NTEE category P58 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Greggs Giving Tree Inc located?
Greggs Giving Tree Inc is headquartered in East Greenwich, Rhode Island and files with the IRS under EIN 204980642. It is classified under NTEE code P58.
How many years of IRS 990 filings does Greggs Giving Tree Inc have?
Greggs Giving Tree Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $55K in total revenue.
Is Greggs Giving Tree Inc. experiencing financial instability due to declining revenue?
The organization's revenue has significantly decreased from $146,326 in 2019 to $36,027 in 2023, and expenses exceeded revenue in 2023, 2021, and 2017, suggesting potential financial challenges.
How does the lack of officer compensation impact the organization's operations?
The consistent reporting of 0% officer compensation means all leadership roles are likely volunteer-based, allowing more funds to be directed towards programs, but potentially limiting professional staffing capacity.
What caused the sharp drop in revenue after 2019?
The filings do not provide specific reasons for the revenue decline from $146,326 in 2019 to $24,100 in 2020 and subsequent years. Further inquiry into fundraising strategies or external factors would be needed.
Are the organization's assets sufficient to cover potential future deficits?
With current assets at $26,112 and recent deficits (e.g., $5,169 in 2023), the organization has some reserves, but sustained deficits could erode these assets over time.
Filing History
IRS 990 filing history for Greggs Giving Tree Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Greggs Giving Tree Inc's revenue has declined by 62%, moving from $95K to $36K. Total assets increased by 6.3% over the same period, from $14K to $15K. Total functional expenses fell by 54.3%, from $90K to $41K. In its most recent filing year (2023), Greggs Giving Tree Inc reported a deficit of $5K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $36K | $41K | $15K | $0 | — | View 990 |
| 2022 | $43K | $35K | $20K | $0 | — | View 990 |
| 2021 | $39K | $61K | $13K | $0 | — | — |
| 2020 | $24K | $14K | $35K | $0 | — | — |
| 2019 | $146K | $144K | $25K | $0 | — | — |
| 2018 | $142K | $130K | $23K | $0 | — | View 990 |
| 2017 | $120K | $125K | $11K | $0 | — | View 990 |
| 2016 | $136K | $131K | $16K | $0 | — | View 990 |
| 2015 | $120K | $117K | $12K | $0 | — | View 990 |
| 2014 | $123K | $121K | $8K | $0 | — | View 990 |
| 2013 | $107K | $115K | $6K | $0 | — | View 990 |
| 2012 | $93K | $93K | $14K | $0 | — | View 990 |
| 2011 | $95K | $90K | $14K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $36K, expenses of $41K, and assets of $15K (revenue -15.5% year-over-year).
- 2022: Revenue of $43K, expenses of $35K, and assets of $20K (revenue +10.5% year-over-year).
- 2021: Revenue of $39K, expenses of $61K, and assets of $13K (revenue +60.1% year-over-year).
- 2020: Revenue of $24K, expenses of $14K, and assets of $35K (revenue -83.5% year-over-year).
- 2019: Revenue of $146K, expenses of $144K, and assets of $25K (revenue +3.2% year-over-year).
- 2018: Revenue of $142K, expenses of $130K, and assets of $23K (revenue +18.2% year-over-year).
- 2017: Revenue of $120K, expenses of $125K, and assets of $11K (revenue -11.6% year-over-year).
- 2016: Revenue of $136K, expenses of $131K, and assets of $16K (revenue +13.2% year-over-year).
- 2015: Revenue of $120K, expenses of $117K, and assets of $12K (revenue -2.9% year-over-year).
- 2014: Revenue of $123K, expenses of $121K, and assets of $8K (revenue +15.1% year-over-year).
- 2013: Revenue of $107K, expenses of $115K, and assets of $6K (revenue +15.5% year-over-year).
- 2012: Revenue of $93K, expenses of $93K, and assets of $14K (revenue -2.2% year-over-year).
- 2011: Revenue of $95K, expenses of $90K, and assets of $14K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Greggs Giving Tree Inc:
Data Sources and Methodology
This transparency report for Greggs Giving Tree Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.